Welcome to our dedicated page for Eaton Vance Senior Income Trust news (Ticker: EVF), a resource for investors and traders seeking the latest updates and insights on Eaton Vance Senior Income Trust stock.
Eaton Vance Senior Income Trust (EVF) is a diversified, closed-end management investment company in the United States, under the umbrella of one of the oldest investment management firms, Eaton Vance Corp. Established in 1924, Eaton Vance Corp. and its affiliates offer a wide array of investment strategies and wealth management solutions to individuals and institutions, ensuring attractive returns across various market conditions.
Investment Objective and Portfolio: The primary objective of Eaton Vance Senior Income Trust is to provide a high level of current income consistent with the preservation of capital. The trust achieves this by investing in senior, secured floating-rate loans, specifically targeting below-investment-grade loans, which are considered speculative due to the credit risk of their issuers.
These investments span across multiple sectors, including aerospace and defense, automotive, beverage, building and development, business equipment and services, and cable and satellite television. This diversification allows the trust to mitigate risks while aiming for substantial returns.
Recent Achievements and Current Projects: Eaton Vance Senior Income Trust continuously updates and readjusts its portfolio to ensure optimal performance and risk management. By focusing on floating-rate loans, the trust is well-positioned to benefit from rising interest rates, providing investors with a hedge against inflation. Moreover, the trust’s rigorous credit analysis and selection process help in maintaining the balance between high income and capital preservation.
Financial Condition and Partnerships: Eaton Vance Senior Income Trust has demonstrated resilience and adaptability through various market conditions, underscoring its robust financial health. The trust’s partnerships and collaborations within the financial industry enhance its strategic positioning, offering investors a reliable and stable income stream.
Why Choose EVF? For discerning investors looking for high current income with capital preservation, Eaton Vance Senior Income Trust presents a compelling choice. The trust’s long-standing expertise, diverse portfolio, and strategic investment approach make it a preferred option for those seeking stability and growth in their investment ventures.
For important disclosures, please visit the official Eaton Vance website.
Eaton Vance Senior Income Trust (NYSE: EVF) held its annual meeting of shareholders on October 14, 2021, where shareholders were called to elect four Class II Trustees. The meeting was adjourned to October 29, 2021, at 2:00 p.m. Eastern Time, to provide additional time for shareholder voting. The record date for eligible voters remains August 3, 2021. Shareholders are encouraged to submit votes in advance and can find information in the Fund's proxy materials online. Further voting instructions are detailed for both direct holders and those holding shares through intermediaries.
Eaton Vance Senior Income Trust (NYSE: EVF) will hold its Annual Meeting of Shareholders on October 14, 2021, at 11:30 a.m. Eastern Time via telephonic format due to COVID-19 concerns. Shareholders holding direct shares as of August 3, 2021 can vote by emailing their details for participation. Those holding shares through intermediaries must provide a legal proxy to vote. Requests to participate must be submitted by 3:00 p.m. Eastern Time on October 13, 2021. The Fund encourages early voting to streamline the process.
Eaton Vance Senior Income Trust (NYSE: EVF) announced the approval of a new investment advisory agreement during a special shareholder meeting on June 24, 2021. This approval allows the implementation of a conditional cash tender offer for up to 60% of the Fund's common shares at 99% of the net asset value. If shares tendered exceed 60%, purchases will be made on a pro rata basis. Additionally, the Fund plans to conduct cash tender offers for up to 10% of its shares in the following years if trading conditions trigger them. Shareholders should consider investment risks before participating.
The Board of Eaton Vance Senior Income Trust (NYSE: EVF) has authorized a conditional cash tender offer for up to 60% of its outstanding common shares at 99% of the net asset value (NAV). This offer hinges on shareholder approval of a new investment advisory agreement with Eaton Vance Management. If approved, the Initial Tender Offer will begin within 30 days. Additionally, the Fund plans yearly conditional tender offers through 2024 if shares trade at an average discount to NAV of over 10%. Shareholders will vote on the new agreement at a special meeting on June 24, 2021.
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